Corn output in Brazil and Argentina, which produce 30 percent of the world’s exports, will be lower than expected this year because of a drought, forecaster Agroconsult said.
Agroconsult cut its forecast for Brazil’s corn output to 61 million metric tons from 65 million tons estimated in December, while reducing the outlook for Argentina to 20 million tons from 27 million tons, Andre Pessoa, head of Agroconsult, said in Sao Paulo today.
To contact the reporter on this story: Lucia Kassai in Sao Paulo at lkassai@bloomberg.net
To contact the editor responsible for this story: Carlos Caminada at ccaminada1@bloomberg.net
0 comments:
Posting Komentar